The small caps were lower on the week, but are still in an uptrend. The small caps were down about 5% on the week.
The DOW Jones was down over 5% for the week and is testing the lows of February. The closing price on Friday was actually lower than it was in February.
The S&P 500 closed lower than the February lows also. The volume to the downside was not as big as it was in February.
The Nasdaq is moving lower and is still in an uptrend with higher highs and higher lows. If the stocks like Apple, Microsoft, Amazon, Facebook and Google continue lower that will be selling pressure in the Nasdaq index fund.
The number of stocks above the 200 day moving average is reaching the lowest levels of the bull market. If this goes lower, that will be negative for the S&P 500.
Gold is moving higher. The Gold stocks and index funds are moving higher. A move above 1350 will be positive for gold. A break over 1360 will be a strong indicator for gold to go even higher.
Stock Market Plunges DOW S&P 500 Nasdaq Financials Semiconductors Gold Stocks Move Higher
🔴Stock Market Plunges DOW S&P 500 Nasdaq Gold Stocks Move Higher